Discover an excellent investment opportunity at 4645 38th Ave N in St. Petersburg! This unique multifamily property features two separate buildings, offering privacy, flexibility, and income-producing potential. The property consists of two spacious units. One building features 2 bedrooms and 1.5 bathrooms, while the second building offers 2 bedrooms and 1 full bathroom. Adding to the property's appeal, a courtyard nestled between the two buildings creates a welcoming outdoor space. Additional amenities include on-site parking and two storage sheds, providing valuable extra space for tenants and added convenience. Currently generating $3,500 in monthly rental income ($42,000 annually), this property presents an attractive opportunity for investors seeking immediate cash flow or owner-occupants looking to live in one unit while generating rental income from the other. Conveniently located with access to shopping, dining, and major roadways, this is an opportunity to own an income-producing property in a desirable Pinellas County location.

Listings courtesy of StellarMLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of November 12, 2026 4:01 AM EST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end user license agreement.

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Susan Pelton

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